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Company No: 12328518 (England and Wales)

JUNIPER JEAN LIMITED

Abridged Annual Report and Unaudited Financial Statements
For the financial year ended 31 December 2023

JUNIPER JEAN LIMITED

Abridged Annual Report and Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

JUNIPER JEAN LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
JUNIPER JEAN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mrs Tania Aube
Mrs Emma Jeanne Mcferran
Mrs Hannah Rose Thomson
Mr Cian Arjun Gregory Weeresinghe
REGISTERED OFFICE Keynsham House
33 Bath Road
Keynsham
Bristol
BS31 1SL
United Kingdom
COMPANY NUMBER 12328518 (England and Wales)
ACCOUNTANT OnTheGo Accountants Limited
330 Holborn Gate
High Holborn
London
WC1V 7QH
JUNIPER JEAN LIMITED

DIRECTORS' REPORT

For the financial year ended 31 December 2023
JUNIPER JEAN LIMITED

DIRECTORS' REPORT (continued)

For the financial year ended 31 December 2023

The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 31 December 2023.

PRINCIPAL ACTIVITIES

The principle activity of the company was other information technology service activities

GOING CONCERN

The directors have prepared the financial statements on the going concern basis. Further details are provided in the notes to the financial statements.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

Mrs Tania Aube
Mrs Emma Jeanne Mcferran
Mrs Hannah Rose Thomson
Mr Cian Arjun Gregory Weeresinghe

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.



Approved by the Board of Directors and signed on its behalf by:

Mrs Hannah Rose Thomson
Director
Keynsham House
33 Bath Road
Keynsham
Bristol
BS31 1SL
United Kingdom

07 February 2024

JUNIPER JEAN LIMITED

PROFIT AND LOSS ACCOUNT

For the financial year ended 31 December 2023
JUNIPER JEAN LIMITED

PROFIT AND LOSS ACCOUNT (continued)

For the financial year ended 31 December 2023
2023 2022
£ £
Gross profit 155,236 75,913
Administrative expenses ( 956,909) ( 1,381,160)
Operating loss and loss before taxation ( 801,673) ( 1,305,247)
Tax on loss 9,795 323,643
Loss for the financial year ( 791,878) ( 981,604)
JUNIPER JEAN LIMITED

BALANCE SHEET

As at 31 December 2023
JUNIPER JEAN LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 5 2,644 8,694
2,644 8,694
Current assets
Debtors 77,555 219,297
Cash at bank and in hand 112,830 752,776
190,385 972,073
Creditors: amounts falling due within one year ( 16,628) ( 21,713)
Net current assets 173,757 950,360
Total assets less current liabilities 176,401 959,054
Net assets 176,401 959,054
Capital and reserves
Called-up share capital 7 2 2
Share premium account 3,203,288 3,203,288
Other reserves 9,225 0
Profit and loss account ( 3,036,114 ) ( 2,244,236 )
Total shareholders' funds 176,401 959,054

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Juniper Jean Limited (registered number: 12328518) were approved and authorised for issue by the Board of Directors on 07 February 2024. They were signed on its behalf by:

Mrs Hannah Rose Thomson
Director
JUNIPER JEAN LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
JUNIPER JEAN LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Juniper Jean Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Keynsham House, 33 Bath Road, Keynsham, Bristol, BS31 1SL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Share-based payment

Juniper Jean recognises equity-settled share-based payments in line with IFRS 2 "Share-based Payment". The company grants share options to its employees, with a vesting schedule of 20% after one year, a further 30% after two years, and the final 50% after three years.

The fair value of these share options is calculated at the grant date, based on the share value at Juniper Jean's latest investment round, reflecting market conditions and expectations.

Considering a 25% employee dropout rate, the expected vesting numbers were adjusted. Consequently, the total share-based payment expense for the year, accounting for this attrition, was £9,225.30. This expense is recorded under the nominal code 'Share-based Payments' in the profit or loss, distributed evenly over the vesting period.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Research and Development

The company recognizes research and development costs in accordance with FRS 102. Research costs are expensed as incurred. Development expenditures are capitalized only when the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the company intends to and has sufficient resources to complete development and to use or sell the asset.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Tangible assets 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 18

4. Tax on loss

2023 2022
£ £
Current tax on loss
UK corporation tax ( 8,645) ( 323,208)
Total current tax ( 8,645) ( 323,208)
Deferred tax
Origination and reversal of timing differences ( 1,150) ( 435)
Total deferred tax ( 1,150) ( 435)
Total tax on loss ( 9,795) ( 323,643)

On 17 March 2020, the Provisional Collection of Taxes Act was used to substantively enact a 19% tax rate and accordingly, the deferred tax balances were re-calculated from 17% to 19% at 31 December 2022.

The March 2021 Budget announced a further increase to the main rate of corporation tax to 25% from April 2023 as well as introducing a small profits rate of 19%. These rates were substantively enacted via the Finance Bill 2021 on 24 May 2021.

At the Balance Sheet date, it was estimated that the Company’s future profits will be applicable to the small profits rate and therefore deferred tax balances as at 31 December 2023 continue to be measured at 19%.

5. Tangible assets

6. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 1,652) ( 2,087)
Credited to the Profit and Loss Account 1,150 435
0 0
At the end of financial year ( 502) ( 1,652)

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,151,321 Ordinary Shares shares of £ 0.000001 each (2022: 2,150,807 shares of £ 0.000001 each) 2 2